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| Jamie Woodwell |
WASHINGTON, D.C. (June 7,
2016)- Delinquency rates for commercial and multifamily mortgage loans remained
low in the first quarter of 2016, according to the Mortgage Bankers
Association’s (MBA) Commercial/Multifamily Delinquency Report.
The MBA analysis looks at
commercial/multifamily delinquency rates for five of the largest
investor-groups: commercial banks and thrifts, commercial mortgage-backed
securities (CMBS), life insurance companies, Fannie Mae, and Freddie Mac. Together these groups hold more than 80
percent of commercial/multifamily mortgage debt outstanding.
“Strong fundamentals and
strong property prices, as well as still low interest rates, continue to
support the performance of commercial and multifamily mortgages,” said Jamie Woodwell, MBA’s Vice President of
Commercial Real Estate Research.
“A record decline in the
volume of CMBS loans in foreclosure and REO brought a record decline in the
delinquency rate for loans held in CMBS.
At the same time, delinquency rates remain extremely low for commercial
and multifamily mortgages held by life insurance companies, Freddie Mac, Fannie
Mae and banks and thrifts.”
For a complete copy of the company’s news release,
please contact:
Ali Ahmad
(202) 557-2727
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